JNJ reported earnings of $3.52 billion during the fourth quarter, up from $2.57 billion during the same period in the prior year. Adjusted EPS came in at $1.24 a share of JNJ stock, topping the $1.20 per share that Wall Street analysts were expecting. Sales also climbed, hitting $18.36 billion, up 4.5% year-over-year. Analysts had been looking for sales of $17.95 billion, Reuters noted.

During the quarter, sales of prescription drugs surged 11.8%. The company noted that price hikes on a number of key drugs helped fuel the gains.

However, JNJ warned that it expected prescription drug sales to “decorate” this year. The company forecast adjusted 2014 earnings of between $5.75 and $5.85 per share of JNJ stock. That fell in the lower range of most analysts’ estimates for JNJ stock.